BRIEF-Digital China Holdings enters subscription agreement | Reuters


May 19 Digital China Holdings Ltd

* Company, HC International, seller and Beijing Huicong
Internet Information Technology entered into subscription

* Seller conditionally agreed to sell and purchaser
conditionally agreed to purchase, JV interest for consideration
of rmb1.08 billion

* Group is expected to record an unaudited gain after
taxation of about hk$220 million as a result of disposal and

* Proceeds of disposal are intended to be used for
subscription of HC subscription shares
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